Overview
- - Jane Street agreed to spend $6 billion on CoreWeave’s AI cloud and also took a $1 billion equity stake, making it a top shareholder.
- - An expanded $21 billion contract with Meta and a multi-year pact with Anthropic broaden the customer base and cut prior reliance on Microsoft.
- - CoreWeave now guides 2026 revenue to $12 billion to $13 billion, up from $5.1 billion in 2025, supported by a contracted backlog of about $66.8 billion.
- - To meet demand, management plans to double active GPU capacity, activate all contracted power by Q4 2027, and roll out NVIDIA’s new Vera Rubin AI chips across sites.
- - The company remains unprofitable with about $29.8 billion of debt and expects $30 billion to $35 billion of 2026 capital spending, which heightens execution and funding risk.